First Bitcoin Capital Corp (BITCF)

[planetaryfuture]

$BITCF Business Partner PQEFF SP Closes .9332---08-11-17 .....

Interested Investors may wish to learn the new business partner $BITCF announced a few days ago is considered "International Reporting" ..... trading on the TSX Ventures Exchange ..... and listed as "AUDITED" on the PQEFF OTC information page .....

AS listed as "unlimited" while OS is posted at 39,348,776

Updated Market cap sits at $36,720,278 ..... By doing the math at 08-11-17 closing price of .9332 X OS 39,348,278 one gets $36,720.278 which is the currently listed Mkt. cap .....

Also of interest would be the fact that CEO Bylumkin recently loaned PQEFF $2 million and asks for repayment with shares ..... The anticipated purpose of the loan is to increase production 4X to about 1,000 bbl per day

Uptrending Stock chart can be seen on PQEFF Investors Hub link along with a reasonably technical and clear explanation of the PQEFF ..... allegedly ..... environmentally friendly ...... extraction process .....

https://investorshub.advfn.com/Petroteq-Energy-Inc-PQEFF-28958/

"As a company focused on the development and implementation of proprietary technologies for the environmentally safe extraction of heavy oils, we understand the importance of developing new technologies, especially blockchain-based innovations, to help companies in our industry to get competitive advantage and cost efficiency," says Petroteq CEO Alex Blyumkin. ....

Transparency and Compliance: Blockchain, by design, should enable greater transparency and efficiency. Sharing digital blockchain information in joint-operating agreements could reduce, if not eliminate, the need for reconciliations between companies and for data hubs controlled by third parties. This could completely disrupt the current processes for balloting partners on new projects, performing joint interest billing, and reporting production revenue.

Smart Contracts: The sheer size and volume of contracts and transactions necessary to execute capital projects in oil and gas have historically caused significant reconciliation and tracking issues among contractors, subcontractors, and suppliers. They also pose significant challenges in managing logistics for supplies, tracking costs, and deploying inventory. Using blockchain, however, companies could generate cascading purchase orders, change orders, receipts, and other trade-related documentation and data on inventory by following specific codified rules. Drafting agreements that afford new tracking, bookkeeping, and automation methodologies could create a more efficient supply chain, improve capital project spend analytics, and simplify contractual obligations. Simply put, this potentially game-changing technology will provide knowledge of who gets paid how much, as well as insight into who along the chain is performing as explicitly mandated by agreements.

Trading and Third-party Impacts: Blockchain technologies are beginning to disrupt and open energy trading markets. Boundaries between asset classes could blur as cash, energy products, and other commodities become digital assets that trade interoperably. Blockchain-enabled applications can also address issues such as reduced brokers' fees; reducing fraud, error and otherwise compromised transactions; and limiting credit risk and transaction capital requirements. By trading physical commodities on a blockchain solution, commodity traders could benefit from increased speed of exchange, improved availability of data, and enhanced reliability and auditability as records are verified in near real-time. Ultimately, this could result in minimizing transaction backlogs and overall costs. ....

http://www.otcmarkets.com/stock/BITCF/news/Petroteq-Energy--Inc--and-First-Bitcoin-Capital-Corp--Announce-Blockchain-based-Initiative-to-Optimize-Oil--amp--Gas-Supply-Chain-Management?id=174303&b=y

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